Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.
) pushed the Computer Software & Services industry lower today making it today's featured Computer Software & Services laggard. The industry as a whole was unchanged today. By the end of trading, Rackspace Hosting fell $1.67 (-4.4%) to $35.94 on average volume. Throughout the day, 2,641,586 shares of Rackspace Hosting exchanged hands as compared to its average daily volume of 2,720,900 shares. The stock ranged in price between $35.72-$37.52 after having opened the day at $37.32 as compared to the previous trading day's close of $37.61. Other companies within the Computer Software & Services industry that declined today were:
), down 6.9%,
), down 6.5%,
), down 6.5% and
), down 6.1%.
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Rackspace Hosting, Inc., through its subsidiaries, provides cloud computing services, managing Web-based IT systems for small and medium-sized businesses, and large enterprises worldwide. Rackspace Hosting has a market cap of $5.2 billion and is part of the technology sector. The company has a P/E ratio of 55.5, above the S&P 500 P/E ratio of 17.7. Shares are down 49.4% year to date as of the close of trading on Wednesday. Currently there are 8 analysts that rate Rackspace Hosting a buy, 2 analysts rate it a sell, and 11 rate it a hold.
TheStreet Ratings rates
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and reasonable valuation levels. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and disappointing return on equity.
- You can view the full Rackspace Hosting Ratings Report.
On the positive front,
), up 11.6%,
), up 6.9%,
), up 6.5% and
), up 6.2% , were all gainers within the computer software & services industry with
) being today's featured computer software & services industry leader.
- Use our computer software & services section to find industry-relevant news.
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For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the computer software & services industry could consider
) while those bearish on the computer software & services industry could consider
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